Question
A friend has invested in the Oasis bank. What is the Shariah's ruling on such investment?
Answer
Oasis and all so-called Islamic banks deal in riba. Riba is the basis of their operations. The Muslim who has invested in such banks should withdraw his investment. The income is haraam.
- Source
- themajlis.co.za
- Published in
- The Majlis Vol 19 No 06
- PDF page
- 2
Appears under Questions and Answers (approximate).